Omkar Speciality Chemicals Q2 PAT up by 65.92% in FY13 Commodity Online (06/11/2012)
The earnings per share also showed an appreciation of 65.75%, increasing to Rs. 3 from Rs. 1.81 in the quarter under review.
MUMBAI(Commodity Online): Omkar Speciality Chemicals Limited (BSE code: 533317), one of the largest manufacturer and supplier of Speciality Chemicals and Intermediates for Chemical and Allied Industries, reported a 65.92% jump in profit after tax(PAT), from Rs. 3.55 cr to Rs. 5.89 cr, for the quarter ended September 30, 2012.
The company saw an increase of 29.15% in net sales from Rs.39.24 cr to Rs. 50.68 cr during the same period for the second quarter.The earnings per share also showed an appreciation of 65.75%, increasing to Rs. 3 from Rs. 1.81 in the quarter under review.
“The steady increase in both sales and profits is the result of our commitment to high quality product manufacturing. With a CAGR of 40% over the last 5 years, we expect this progress to continue. At the same time, we continue to step up our endeavour to develop new molecules with innovative processes and technologies. The expansion plans are on and the Company is fulfilling all the projections it had declared in RHP for IPO,” says Omkar Herlekar – Wholetime Director, Omkar Speciality Chemicals Ltd.